FTC-PR-241121-1 (11-21-24) FTC Sends Refunds to Consumers Harmed by Credit Bureau Center’s Fake Rental Property Ads and Deceptive Promises of “Free” Credit Reports. Excerpt – The Federal Trade Commission is sending payments totaling nearly $1.9 million to consumers who were harmed by fake rental ads and deceptive promises of “free” credit reports from Credit Bureau […]
Month: November 2024
Digital Assets – Article ( Articles ) Digital Assets (DA) A New Frontier in the World of Finance The term “digital assets” has become increasingly prominent in recent years, encompassing a wide range of virtual assets that are transforming the way we think about ownership, value, and exchange. While the concept might seem abstract, digital […]
CFTC-PR-9009-24 (11-21-24) CFTC’s Global Markets Advisory Committee Advances Recommendation on Tokenized Non-Cash Collateral Excerpt: WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, today advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The GMAC’s Digital Asset Markets […]
Offering Fraud – Article ( Articles ) Offering Fraud (O-Fraud) A Deceptive Scheme Targeting Investors O-Fraud, a serious financial crime, involves the deceitful and illegal promotion of investment opportunities to unsuspecting individuals. It exploits the desire for financial gain, promising unrealistic returns and hiding significant risks. This article explores the various tactics used in offering […]
SEC-PR-2024-186 (11-22-24) SEC Announces Enforcement Results for Fiscal Year 2024 – Commission saw market participants respond to its efforts to promote culture of proactive compliance. Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion […]
SEC-PR-2024-185 (11-22-24) SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports – Firms receive credit for cooperating with SEC’s investigations Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges […]
Illegal Stock Sales – Article ( Articles ) Illegal Stock Sales (ISS) Introduction ISS refer to various unlawful activities in the trading of stocks and securities that violate securities laws and regulations. These activities can undermine market integrity, harm investors, and lead to severe legal consequences for those involved. Understanding the types of illegal stock […]
Misappropriation – Article ( Articles ) Misappropriation (Misapp) Introduction Misapp refers to the wrongful taking or use of another person’s property, assets, or intellectual property without their consent. It encompasses a range of illegal activities that can harm individuals, businesses, and the economy as a whole. Understanding the different forms of misappropriation is crucial for protecting […]
SEC-PR-2024-184 (11-22-24) UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst […]
Bribery Schemes – Article ( Articles ) Bribery Schemes (BS) Introduction BS are illegal practices that involve the exchange of money, goods, or services to influence the actions of an official or other person in a position of authority. These schemes can take many forms and can occur in various sectors, including government, business, and […]